| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3808 Registered: 05-2011 Rating: N/A |
World markets start the week upbeat The global equity markets are mostly higher to start the week. S&P Futures are up about 12 points to trade around the 4716 area. Spoos saw a quick bid right out of the gate. In fact, the low print of 4703.75 was established within the first few moments of last night's open. The market posted the high at 4723.25 just as Asian trading got underway. In Asia, both China and Japan closed the day solidly in the green. The Shanghai's 0.4% advance was spurred by reports that China is mulling new pro-growth policies in 2022. In Japan, the Nikkei's 0.7% gain was led by strength in semiconductors. Chip makers such as Advantest, Tokyo Electron and Screen holdings paced the way with rises of 1-2%. In Europe, the major bourses are ticking up. German Wholesale Prices eased to 1.3% in November. Although this was in-line with expectations, it was down from 1.6% in October. Mining stocks are notably higher with names such as Glencore, Antofagasta and Anglo American up about 2%. This is likely due to the pro-growth chatter coming out of China. |